xendoo

MARCH 4, 2022

Many ecommerce owners understand the importance of making sales, but do you know how to record ecommerce sales for your accounting system? Ecommerce business owners have some degree of flexibility that physical storefronts cannot afford. Here is a complete guide for ecommerce businesses. What is accounting for ecommerce?

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LyfeAccounting

DECEMBER 31, 2020

Well there are taxes that need to be filed and paid, and this post is going to break down all of it. For the purposes of filing and paying employer payroll taxes, I’d highly recommend using a payroll software like QuickBooks or Gusto. Payroll Tax Filings: Forms That You Need. Those are forms I9 and W-4.

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LyfeAccounting

DECEMBER 7, 2020

?. Today, we’re going to be deep-diving into US payroll taxes. And after helping hundreds of businesses with their accounting and taxes, we know a thing or two about it. Note that for guidance or advice specific to your business, you should consult with a tax or legal professional. Social Security.

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SingleTrackAccounting

JULY 7, 2020

You could spend several hours, perhaps days navigating PPP loans, running payroll, and filing taxes even if you were organized. As a busy business owner, this is the last thing you want to be spending your precious time doing. Payroll Mistakes. Business Processes. You could be doing anything else.

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Ronika Khanna CPA,CA

FEBRUARY 9, 2024

While there are numerous payroll software that handle the filing of the T4 and RL1 slips , the RL1 summary is usually left to the employer (and/or their accountants) to file. However, most accounting software, will only produce a non official summary report that then has to be transcribed onto the actual form which can then be mailed.

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xendoo

MARCH 16, 2022

As you try to figure out which need to prioritize in your new venture, it is crucial that you first learn how to set up accounting for a new business. While it might seem mundane, good accounting is integral to the success of any business. However, we know that money can be tight for new business owners. .

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MazumaBusinessAccounting

AUGUST 29, 2022

Do small businesses get tax refunds? It’s one of the most common questions we receive —in the same way that there are many types of taxpayers, you’ll find there are more than a few types of small business tax entities. Which Businesses Are Eligible for Refunds? Different Types of Taxes Businesses Pay.

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xendoo

APRIL 19, 2021

Whether you’re brand new to online retail and trying to decide how to set up your eCommerce business, or you’ve been around a while and simply reached the point where your DIY accounting solution just isn’t cutting it anymore, Xendoo’s innovative suite of business offerings can help you. Tax organization. Print checks.

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xendoo

FEBRUARY 15, 2022

How Do Tax Advisors Set Their Prices? A tax consultant will charge a fee based on different factors. The National Society of Accountants (NSA) reports that tax consultants typically charge between $176 and $457. It may cost more if you are filing more complex and specialized tax forms. Complexity of Services .

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MazumaBusinessAccounting

AUGUST 28, 2022

Do small businesses get tax refunds? It’s one of the most common questions we receive —in the same way that there are many types of taxpayers, you’ll find there are more than a few types of small business tax entities. Which Businesses Are Eligible for Refunds? The post Do Small Businesses Get Tax Refunds?

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Withum

JUNE 27, 2022

Now that we are halfway through the new year, most companies have wrapped up their books and records for 2021 and sent them to their accounting professionals for tax and audit preparation. It is essential to review the books and records for any current month activity that might not be reflected in cash or credit card account activity.

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LyfeAccounting

NOVEMBER 13, 2020

Regardless of what happens to that 20 dollars next, these transactions have started bookkeeping and accounting processes. But a lot of people are still confused when it comes to bookkeeping vs accounting. At LYFE Accounting, we’ve helped companies with their bookkeeping and accounting processes. Why do I need them?

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inDinero Tax Tips

JUNE 24, 2023

Business tax deductions – three words that can cause stress and confusion for even the most seasoned entrepreneurs. Most business owners spend their days managing operations, nurturing client relationships, and focusing on growth goals. When that time comes, consider indinero’s accounting services.

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xendoo

MAY 26, 2021

You know that filing taxes can be stressful even in the best of times, but as a restaurant owner, tax time can leave you feeling in the weeds because your deductions are exponentially more complex. But, again, it’s not just the weekly payroll that you get to deduct. Deduct Mileage and Business Travel.

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Steve Feinberg

JANUARY 30, 2023

All of the industry experience necessary to run a functioning HVAC company leaves little time to learn the minutiae of business accounting, bookkeeping, taxes, and payroll—unfortunately, these things are exactly what can keep even the best businesses from turning a profit. See related: Small business tax services.

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Ronika Khanna CPA,CA

APRIL 14, 2022

Unlike a simple personal tax return with no business income, this information is generally not simply provided to you on a tax slip, such as a T4 or T5, but must be compiled and calculated. This is also true for spouses of small business owners who may only have a regular(non small business) tax return.

Tax 52

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Ronika Khanna CPA,CA

FEBRUARY 23, 2023

Probably the most popular question posed to accountants and tax preparers (especially around this time of year) is “what types of expenses are deductible?”. The short answer is that a business expense is considered to be deductible if it has been incurred with the ultimate purpose of earning income.

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LyfeAccounting

JULY 28, 2021

If you have kids under age 18 and a business, then you have a huge opportunity to save on taxes. And that is by hiring them in your business and placing them on the payroll. Today, we’re excited to show you how to hire your kids and put them on the payroll. Does that make sense?

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CPA Practice

FEBRUARY 16, 2023

Robin Hall saw these business challenges growing in the late 1990s, so she created a firm designed to help other small businesses with operational management. Since there are more than 12,000 sales and use tax jurisdictions in the U.S., To manage this sales tax challenge, Robin has been recommending Avalara to her clients.

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LyfeAccounting

JULY 20, 2021

For example: Most banks require an LLC’s EIN number to open a business bank account, get a business credit card, or get a business loan. Additionally, if you plan to have employees you will need an EIN number to file your payroll taxes. Open a Business Bank Account. Savings account.

income tax 52

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Ronika Khanna CPA,CA

JANUARY 7, 2022

I knew that sometime around February an envelope would appear on my desk with a tax document that I would need to reflect on my tax return. Let’s discuss some of the key aspects of T4s that small business owners and administrators should know: What is a T4 (RL-1)?

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Ronika Khanna CPA,CA

JUNE 25, 2021

Register for new sales tax numbers and payroll numbers When creating a new corporation for your business, you have to register for new sales tax (GST/HST) numbers and also register for payroll accounts , depending on if you are charging sales tax and have employees, respectively.

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MazumaBusinessAccounting

MARCH 1, 2022

If you are self-employed or a contract worker and you are generating a profit, you may need to pay estimated quarterly taxes. This is the Internal Revenue Service’s (IRS) way of collecting taxes from people who don’t have them withheld from their paychecks through payroll. We look forward to hearing from you!

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LyfeAccounting

APRIL 22, 2021

Business Energy Tax Investment Credit. Here’s a full list of business tax credits from the IRS website. Amazon makes business decisions that will provide them with the biggest tax benefit. In fact, Georgia even publishes an annual 20-page brochure with all of the reasons to start a business here.

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xendoo

MARCH 21, 2022

Crunching numbers may not be your forte, but every online business needs a strong eCommerce accounting plan. Tracking your financial matters helps you understand the health of your business and ultimately allows you to make decisions based on real numbers, not just feelings. Types of accounting software.

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LyfeAccounting

NOVEMBER 10, 2020

Accounting. Payroll Tax. And if you want to be more in control of your business’ finances, be sure to entrust your financial management like bookkeeping , accounting , business taxes and more with the experts. LYFE Accounting is here to help! The post How to Increase Profit in Your Business!

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LyfeAccounting

NOVEMBER 2, 2020

Because if we’re being honest, your payroll is the number one reason why people would even consider working with you. And as we know, business is tough, so you want to be able to pay competitively and get good talent. But that engagement can be renewed as many times as the businesses would like. But the biggest task is pay.

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inDinero Accounting

JANUARY 9, 2023

Table of Contents What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? However, a lack of accounting experience and knowledge can be a hindrance, especially for startups which need to be agile and primed for rapid growth. What Makes Accounting Services for Startups Different?

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inDinero Accounting

JANUARY 9, 2023

What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? How to Select the Right Startup Accountant. Getting Started with Startup Accounting. Accountants’ specialized knowledge can support your startup business in many ways. Table of Contents. Holding back your growth.

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Going Concern

OCTOBER 11, 2022

These businesses have their financial advisory needs served by hundreds of thousands of small firm accountants and CPAs nationwide. Small business has unique needs for accounting services: primarily tax and advising, and secondarily day-to-day accounting needs to act as de-facto controllers and decision makers.

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Snyder

FEBRUARY 13, 2023

Finance and accounting are the foundation of every business, whether it’s a small venture or a large corporation. That’s why tailoring your operations to your business is so important. In this article, we’ll review finance and accounting outsourcing (FAO), in particular its benefits for small and medium businesses.

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xendoo

MARCH 18, 2021

A skilled accountant will keep you tax compliant and ensure that you’re always in-the-know and focused on the big picture when it comes to your financials. And cost can definitely feel like a huge barrier here – it can be hard for a small business to afford to hire an accountant. Or the interest!?) .

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Snyder

JUNE 20, 2022

However, delegating doesn’t mean staying out of the loop completely, especially when it comes to business finances, primarily accounting. Accounting is the language of numbers. It shows the most accurate picture of the current state of a business and its future. What is small business accounting?

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MyIRSRelief

NOVEMBER 19, 2021

In this article we will go over 10 different tax credits that you may be able to claim in order to reduce your taxable income, and therefore the amount of taxes you owe. My name is Mike Habib and I’m here to tell you about tax credits for this year that can help save you some money. Tax credits to look out for.

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LyfeAccounting

NOVEMBER 4, 2020

Sole proprietorship small business tax filings are actually the same as single-member LLCs. For tax purposes, there isn’t a difference between the two and they require the same tax forms filed and taxes paid. Form Schedule C is not actually a separate business tax return. Partnerships. Corporations.

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Snyder

JANUARY 19, 2023

Tax season is the time when accounting firms and CPAs earn the biggest part of their profit. Surviving tax season is a skill that any accountant has to develop, and the earlier, the better. But first, let’s ask an expert about the challenges that professional accountants face during this busy season.

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MazumaBusinessAccounting

AUGUST 12, 2021

If any legal issues arise, you will be held personally responsible and those debts will need to be paid from your personal account. However, your city or state may require you to obtain a business license, so be sure to look into the requirements for your specific state. When it comes to your business taxes, filing is quick and easy.

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